You have heard us say many times the past is not prologue, what happened yesterday is not a sound predictor of what's going to happen in the future. Fresh off the New Year, you've probably heard and seen numerous financial pundits provide their 2018 market forecasts.
Now take all of those forecasts and consider them the same as the guy next to you at the roulette table telling you he "sees a pattern."
Utilizing data from the Dow back to 1897, the following graphic is one of the best stock market performance charts I've seen in a long time further illustrating historical odds are impervious to past market results.
We don't see a pattern...do you?